business

Tesla moves first to hike prices in China as trade war hits car makers

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By Norihiko Shirouzu and Brenda Goh

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China slapped retaliatory tariffs of 25 percent on imports....

This is misleading. China ALREADY imposes tariffs on cars. Its tariff now is 40%. The US has recently started to impose tariffs, while China is hiking its existing ones.

Engaging in "free trade" with China has always been a distorted, lopsided proposition - the house always wins. So now, time for payback.

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So now, time for payback.

...generally applies to the one with the bigger IOUs

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China: "Build it here!"

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